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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 6 post(s) to this thread, the last poster was Poortenant.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: Poortenant
On: September 25 2018 07:50 AM
[QUOTE=Dkumar12;n2624873]Every person does due diligence before taking any step.. [/QUOTE] That is what you would expect! In the real world there are more cows than huamans capable of thinking!Otherwise there would not have been so many asian doctors and engineers driving cars and running errands in countries like Canada,Australia etc
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: Dkumar12
On: September 25 2018 09:26 AM
[QUOTE=Poortenant;n2624878][QUOTE=Dkumar12;n2624873]Every person does due diligence before taking any step.. [/QUOTE] That is what you would expect! In the real world there are more cows than huamans capable of thinking!Otherwise there would not have been so many asian doctors and engineers driving cars and running errands in countries like Canada,Australia etc [/QUOTE]And it was as easy as typing for them to fly out of India..
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: NG2012
On: September 25 2018 10:37 AM
[QUOTE=Poortenant;n2624878] That is what you would expect! In the real world there are more cows than huamans capable of thinking!Otherwise there would not have been so many asian doctors and engineers driving cars and running errands in countries like Canada,Australia etc [/QUOTE] There are people who would rather run errands in Canada than being in a high flying careers in India. They have their own reasons for that. Everybody's life story is different. there are top govt servants who got sick of corruption in their professions, there are doctors who got death threats, there are businessmen who wanted to escape all the harassment. Reasons can be many but we would never know all of them. Money/prestige isn't the primary objective of lile for many.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: MANOJa
On: September 25 2018 12:43 PM
[h=1]Home sales pick up as NRIs rush to gain from falling Rupee[/h] The rupee has dropped 13.04% against the dollar since the beginning of 2018, 6.20% over the past three months and 3.4% in one month[URL="https://realty.economictimes.indiatimes.com/author/479214943/kailash-babar"]Kailash Babar[/URL] | ET Bureau | September 25, 2018, 07:57 IST [IMG]https://etimg.etb2bimg.com/photo/65942766.cms[/IMG] [URL="https://realty.economictimes.indiatimes.com/tag/mumbai"]MUMBAI[/URL]:The rupee�s plunge has led to a pickup in [URL="https://realty.economictimes.indiatimes.com/news/residential"]residential[/URL] [URL="https://realty.economictimes.indiatimes.com/tag/real+estate"]real estate[/URL] as an increasing number of [URL="https://realty.economictimes.indiatimes.com/tag/non-resident+indians"]non-resident Indians[/URL] (NRIs) are rushing to take advantage of lower prices and discounts as the [URL="https://realty.economictimes.indiatimes.com/tag/dollar"]dollar[/URL] surges in value. The rupee has dropped 13.04% against the dollar since the beginning of 2018, 6.20% over the past three months and 3.4% in one month, amid a global rout of emerging market currencies. Recent reforms such as implementation of the Real Estate (Regulation & Development) Act, 2016 ([URL="https://realty.economictimes.indiatimes.com/tag/rera"]RERA[/URL]), amendments to the [URL="https://realty.economictimes.indiatimes.com/tag/benami+properties+act"]Benami Properties Act[/URL], the goods and services tax (GST) roll out and demonetisation have also improved transparency in the sector, thereby offering more comfort to the NRI community. �Depreciating rupee against currencies such as dollar, pound, the UAE dirham, among others is prompting large number of NRIs to invest into the country�s realty market,� said Anarock Property Consultants chairman Anuj Puri. �Builders are also leaving no stone unturned in luring them with a host of amenities and features.� That�s led to a resurgence in serious inquiries by NRI end-users and investors, leading to deals taking place. This may result in a repeat of the phenomenon witnessed in 2012. The NRI segment usually contributes about a tenth of annual property sales in India but it soared to 25% in 2012 when the rupee depreciated 17.37% between February 3 and July 22 that year. �NRI segment constitutes around 8-10% of annual [URL="https://realty.economictimes.indiatimes.com/tag/residential"]residential[/URL] market in India. However, the contribution of this segment sees a spike as and when there is depreciation in rupee value for a sustained period over two-three months, as was the case witnessed in 2012,� said Pankaj Kapoor, MD, Liases Foras Real Estate Rating & Research. The property markets that typically attract NRI investments are Bengaluru, Chennai, Kochi, Chandigarh and Pune besides premium projects in Mumbai and Ahmedabad. While the reforms cited above have increased formalisation of the sector over the past two years or so, they also led to a slowdown in home sales, ensuring a buyers� market. �For NRIs, the situation is a deja vu of sorts � it is the same as the scenario we witnessed in 2012,� said Niranjan Hiranandani, developer and national president of lobby group National Real Estate Development Council (Naredco). �Home buying is regaining traction, RERA has made it better � and in a situation where property prices at primary level are down by 10 to 15% and the currency valuation adds another 10-15%, it definitely is a scenario where the NRI buyer is back.� Real estate in India has always been the most preferred investment option for NRIs across the world. Although the new regulatory environment had revived the confidence of home buyers, stalled projects were a key concern for NRI, experts said. [url]https://realty.economictimes.indiatimes.com/news/residential/home-sales-pick-up-as-nris-rush-to-gain-from-falling-rupee/65942731[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: Radhadesh
On: September 25 2018 04:11 PM
[QUOTE=Poortenant;n2624878] That is what you would expect! In the real world there are more cows than huamans capable of thinking!Otherwise there would not have been so many asian doctors and engineers driving cars and running errands in countries like Canada,Australia etc [/QUOTE] Driving cars? I hope you literally mean cabs
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: Poortenant
On: September 26 2018 05:34 AM
[/QUOTE] [i][b]There are people who would rather run errands in Canada than being in a high flying careers in India. They have their own reasons for that. Everybody's life story is different. [/b][/i][/QUOTE] Yes agreed.Everybody is different.I know quite a few who have migrated and suffered because of stagnant careers,not being able to adapt to a different weather,missing the social network of relatives and friends back home,food etc.People move conuntris based on the assumption that every thing will be rosey at the other end and they will be a lot happier as a result.In reality you realise the value of many things in life only when it is not there be it parents,relatives,friends or even the silly weather!So I refuse to buy the argument that every one moving overseas has done a throurough due diligence.A friend once confessed that he wished he had not moved to Australia because both his kids are married to whites there.Being a conservative indian who went in search of more money and better education for kids etc was forced to pay a price he was not willing to pay in the end!Again I have no statics to prove that whether disgruntled migrants are a small minority or a majority.
With warm regards,
Team IREF
With warm regards,
Team IREF
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